TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Symmetry Investments LP

Symmetry Investments LP reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,997 shares of the aerospace company’s stock after selling 1,361 shares during the period. TransDigm Group accounts for about 1.6% of Symmetry Investments LP’s investment portfolio, making the stock its 14th largest position. Symmetry Investments LP’s holdings in TransDigm Group were worth $14,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. UBS Group AG grew its stake in shares of TransDigm Group by 9.4% during the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after buying an additional 3,120 shares during the period. D.A. Davidson & CO. purchased a new stake in TransDigm Group during the fourth quarter valued at about $291,000. Corient Private Wealth LLC increased its stake in TransDigm Group by 3.2% during the fourth quarter. Corient Private Wealth LLC now owns 13,726 shares of the aerospace company’s stock worth $13,886,000 after acquiring an additional 429 shares during the last quarter. Assetmark Inc. increased its position in TransDigm Group by 2.9% during the 4th quarter. Assetmark Inc. now owns 5,529 shares of the aerospace company’s stock worth $5,594,000 after purchasing an additional 154 shares in the last quarter. Finally, Commerce Bank raised its holdings in TransDigm Group by 27.5% in the fourth quarter. Commerce Bank now owns 2,230 shares of the aerospace company’s stock valued at $2,256,000 after buying an additional 481 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Trading Up 1.3 %

Shares of TransDigm Group stock opened at $1,408.03 on Friday. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,419.99. The stock has a market capitalization of $78.79 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42. The business’s 50 day simple moving average is $1,294.01 and its 200-day simple moving average is $1,274.97.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $6.55 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock worth $46,454,828 in the last ninety days. 4.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley boosted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Truist Financial increased their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.